Save Foods successfully completes lemon pilot tests in Spain
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Pilot tests were carried out with a leading post-harvest service provider
TEL AVIV, Israel, September 22, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Save Foods (Nasdaq: SVFD) (“Save Foods” or the “Company”), a food technology company focused on the development and sale of ‘eco-friendly products specially designed to extend the shelf life and guarantee the food safety of fresh fruits and vegetables, today announced that it has successfully completed a series of lemon processing pilot tests in Spain, with a service provider leading post-harvest (“the supplier”).
Spain is the first European country in terms of lemon production, with a total of 1.2 million tonnes in 2020; this represents 64% of total EU lemon production. Spain is the world’s largest lemon exporter, accounting for around 27% with an estimated market value of $ 1 billion in 2020.
The pilot projects, which are part of the company’s strategy targeting the EU as a primary market, were designed to assess the effectiveness of Save Foods products in controlling some of the major postharvest plant diseases as well. that to reduce the use of fungicides that leave residue, such as Imazalil. The tests were specifically designed to respond to the expected increase in EU regulatory restrictions on allowable levels of residual fungicide.
The supplier who participated in the pilot told Save Foods that the preliminary results met established milestones. As a result, the company and the supplier are discussing plans for a commercial grade validation test to take place during the next harvest season.
The EU has some of the most aggressive regulations in the world regarding the sale of fruit and vegetables within its borders. Its farm-to-fork strategy, which is at the heart of the European Green Deal initiative, establishes definitive criteria to reduce pesticide use by 50% and fertilizer use by 20%, and transform 25 % of all EU farmland under organic cultivation by 2030. Some food retailers in member countries, such as Germany, have gone beyond the farm-to-fork strategy, creating their own regulations more stringent.
Dan Sztybel, CEO of Save Foods Ltd., the company’s Israeli subsidiary, commented on the announcement: “Successful lemon tests confirm results that we have repeatedly demonstrated in other independent tests and commercial applications. We will continue to work with our partners during the next harvest season to further validate Save Foods’ treatments on lemons and other citrus fruits.
Sztybel continued: “I believe the results we have achieved in these pilot projects support our marketing efforts in the EU, where increasingly stringent regulations will make compliance difficult for operators and exporters. Our eco-friendly treatments provide a transparent solution for packers to meet these regulations without compromising the quality of their fruit or their shelf life. “
David Palach, CEO of the company, said: “I really appreciate the EU’s proactive approach to food safety, waste reduction, limiting the use of pesticides and other contaminants and promotion of a sustainable food system. They are taking a big step towards safeguarding the EU’s food supply as well as the environment. I hope the farm-to-fork strategy will serve as an example for other global markets.
About Save Foods
Save Foods is an innovative and dynamic company tackling two of the most important challenges in the food technology industry: food waste and loss and food safety. Save Foods is committed to providing integrated solutions for improved safety, freshness and quality, every step of the way, from field to plate. In close collaboration with its customers, Save Foods develops new solutions that benefit the entire supply chain and improve the safety and quality of life for workers and consumers. The first applications of Save Foods are in post-harvest treatments in fruit and vegetable packing plants processing citrus fruits, avocados, pears, peppers and mangoes. By controlling and preventing contamination by pathogens and dramatically reducing the use of hazardous chemicals and their residues, Save Foods products not only extend the shelf life of fresh produce and reduce food loss and waste. , but they also guarantee a safe, green and healthy product.
For more information, visit our website at https://savefoods.co/
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “estimate” and similar expressions or variations of these words are intended to identify forward-looking statements. For example, we use forward-looking statements in this press release when discussing our ability to enter EU markets, far-reaching positive ramifications of the results of the pilot test held in Spain, as discussed in this press release. , the ability of our products to efficiently process and comply with each of the newly enacted EU regulations, that our products may effectively enable packers to meet EU regulatory requirements for the regulations discussed in this press release , that our proprietary blend of organic food acids can reduce the need for conventional postharvest fungicide by at least 50% and in some cases entirely and can reduce food waste due to spoilage by up to 50% and when we discuss the continued demand for a secure, high-quality and sustainable food supply. Actual results, performance or achievements could differ materially from those described or implied by the statements contained in this press release. Forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including market conditions and the satisfaction of all conditions and the closing of the Offer, as well as those discussed under the heading ” Risk Factors ”in Save Foods’ annual report on Form 10-K filed with the SEC on March 29, 2021, and in any subsequent filing with the SEC. Unless otherwise required by law, we do not undertake to issue revisions to these forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unforeseen events. References and links to websites have been provided as a convenience, and information contained on such websites is not incorporated by reference in this press release. We are not responsible for the content of third party websites.
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